I hope everyone who receives the stimulus check does something good with it. (Buy Disney Stock?) The media talks as if this will be a check for everyone – but the reality is – if your household AGI is over $150k – neither you or your spouse (or you children under 18) get a check. If you are filing single – it is max $75k. A family of 5 with both parents working and show Tax incomes with a combination total of $149k (Such as one spouse making $65k the other making $84k) – will not get a check, nor will they get one for their children. (Note with this higher AGI, there are many other deductions this family cannot take, such as rental income losses, education loan interest, etc) But filing as household, and there is only one person making $149,000 per year, they will get a check for $1,200 plus an extra $600 per child for a total of $3000.00

Doesn’t seem that fair? (Note: I say “Remove” the Household filing today! – Everyone submits their own tax – married or not! – Split deductions equally, married or legal partner!)While there are many people in the THE industries (Tourism, Hospitality, and Entertainment) – who really do need some fiscal help. Many are living in high cost cities, many were working part time, many have no chance to find work due to their chosen career paths. So – this should help them.

As for everyone else whose lives have only been socially affected by the pandemic – you get a little extra Christmas bonus. And since I own stock in Amazon – I will thank you now!

Oh – and my local news today? – Seems the city is going to have a record sales tax income year! (I was out the other day and the malls, streets, and shops were filled – with lines of people waiting to get into the stores!) Isn’t it great people get a stimulus check too?